Updated Dec 14, 2024
Alexandria Real Estate Equities Acquires Office Property In Cambridge, MA For $815M
One Rogers St, Cambridge, MA 02142, United States
$815,000,000
Building Size
—
Asset Type
Office
Closing
Jan 3, 2022
About this deal
AI
One Rogers St & 1 Charles Park, located in Cambridge, MA, has been sold in a recent transaction. The property, an office asset, was purchased by an affiliate of Alexandria Real Estate Equities, Inc for a total sale price of $815,000,000. The sellers were Davis - Cappy Daume and Michael Cantalupa, representing Principal Real Estate Investors.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $815,000,000
- Buyer: Affiliate of Alexandria Real Estate Equities, Inc
- Seller: Davis - Cappy Daume & Michael Cantalupa; Principal Real Estate Investors
- Broker: Robert Griffin - Newmark
- Address: One Rogers St & 1 Charles Park, Cambridge, MA
Robert Griffin from Newmark represented the buyer in the transaction. The sale took place on 01/03/2022 and was recorded by Robert Griffin. With a total sale price of $815,000,000, this transaction marks a significant deal in the office market in Cambridge, MA.
Players
South Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93